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US economy
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US labor market loosens as job gains slow, unemployment rate hits 3.9%
U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit's "Big Three" car makers depressed manufacturing payrolls, and the increase in annual wages was the smallest in nearly 2-1/2 years, pointing to an easing in labor market conditions.
US economic growth accelerates in second quarter; weekly jobless claims fall
The U.S. economy grew faster than expected in the second quarter as labor market resilience underpinned consumer spending, while businesses boosted investment in equipment, potentially keeping a much-feared recession at bay.
Biden hails averting 'catastrophic' default in Oval Office speech
U.S. President Joe Biden told Americans on Friday in a rare Oval Office address that the debt ceiling bill passed by Congress after weeks of wrangling saved the country from "economic collapse."
June 2, 2023 | 04:43 pm PT
Job growth in US strong in September as labor market forges ahead
U.S. job growth slowed moderately in September while the unemployment rate dropped to 3.5%, pointing to a tight labor market which keeps the Federal Reserve on its aggressive monetary policy tightening campaign for a while.
October 7, 2022 | 03:57 pm PT
US inflation likely eased in August, but not enough
U.S. inflation likely slowed in August, largely thanks to falling gasoline prices, but not enough to satisfy policymakers, especially President Joe Biden, as high prices continue to inflict pain on American families and businesses.
September 12, 2022 | 06:18 pm PT
Product exclusions from US tariffs may take 90 days: document
U.S. allies remain in the dark about country-specific exemptions.
March 16, 2018 | 05:50 pm PT
